Physical quantities can be measured and have a numerical magnitude and unit. There are two types of physical quantities: base quantities like length, mass, and time, and derived quantities like area and volume which are expressed in terms of base quantities. The International System of Units (SI) provides standardized base and derived units for measuring physical quantities. SI units use prefixes to denote multiples and submultiples of units, and scientific notation is commonly used to write very large or small numbers in a standardized form.